https://www.taxtmi.com/caselaws?id=781741 The Securities Appellate Tribunal set aside the SEBI order restraining the appellant, a former Managing Director of a credit rating agency, from associating with any SEBI-registered intermediary. SAT held that SEBI's Whole Time Member had grossly misread and distorted the findings of the inquiry report by a former judge, which had categorically found no evidence of interference in the rating process or manipulation of AAA ratings. The Tribunal criticized SEBI's repeated proceedings as unjustified, causing undue reputational and financial harm to the appellant. The appeal was allowed and the impugned order quashed. en-us Fri, 27 Jun 2025 00:00:00 +0530 Thu, 20 Nov 2025 08:42:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781741 The Securities Appellate Tribunal set aside the SEBI order restraining the appellant, a former Managing Director of a credit rating agency, from associating with any SEBI-registered intermediary. SAT held that SEBI's Whole Time Member had grossly misread and distorted the findings of the inquiry report by a former judge, which had categorically found no evidence of interference in the rating process or manipulation of AAA ratings. The Tribunal criticized SEBI's repeated proceedings as unjustified, causing undue reputational and financial harm to the appellant. The appeal was allowed and the impugned order quashed. Case-Laws SEBI Fri, 27 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781741